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Finance Minister Nirmala Sitharaman (Photo: File)

Govt unveils mega-mergers of PSU banks for economy boost

Number of public sector banks falls to 12, from 27 in 2017.

31 Aug 2019 1:46 AM IST

The answer, it seemed, was not difficult to seek for those who believed that economic growth in India, then as it is now, is state driven.

India's economic growth at 6-yr-low with GDP growth at 5pc in June...

Slowdown attributed to dull performance to low consumption, delayed monsoon, rising global trade tensions affecting...

30 Aug 2019 7:33 PM IST

The mergers are part of the governments attempt to consolidate the public sector banks. (Photo: ANI)

Changes to expect after FM's announcements on PSU bank mergers

Finance Minister Nirmala Sitharaman said, 'We want banks with strong national presence and enhanced risk appetite.'

30 Aug 2019 7:14 PM IST

Finance Minister Nirmala Sitharaman addressing Cooperative Group Housing Society Maha Sammelan. (Photo: ANI)

Fiscal deficit crosses 77 pc of budgeted target in first 4 months of...

The government has set a fiscal deficit target of 3.4 per cnet for 2019-20, same as 2018-19.

30 Aug 2019 4:23 PM IST

Reacting on Gandhis reply in Supreme Court, Defence Minister Nirmala Sitharaman said, His credibility has taken a beating. (Photo: Twitter/ ANI)

More steps soon to help economy: Nirmala Sitharaman

The minister said that the impact of the economic measures would be seen with time, even as the initial response has...

30 Aug 2019 12:24 AM IST

Defence minister Nirmala Sitharaman during a press conference in Mumbai. (Photo: PTI )

After RBI payout, FM Nirmala promises better spending efficiency to...

Sitharaman and her junior minister Anurag Thakur held discussions with tax authorities and industry representatives.

29 Aug 2019 8:52 PM IST

Fitch, however, expects GDP growth to pick up in the next two years on back of gradual implementation of the structural reform agenda and higher real disposable income. (Photo: File)

Stimulus package 'too little, too late' to prevent decline in auto...

Initial stimulus package is not enough to stop the decline in the automotive market, Fitch said.

29 Aug 2019 1:32 PM IST

The government last year relaxed FDI norms in over a dozen sectors

After tax incentives, govt brings in FDI reforms to propel growth

The changes in FDI policy will result in making India a more attractive FDI destination.

29 Aug 2019 9:41 AM IST

Defence Minister Nirmala Sitharaman said that two senior officers whose named are mentioned in the purported letter have denied signing it. (Image: ANI twitter)

Govt panel recommends major changes in income tax slab rates

The proposals include lowering the personal income tax for those earning between Rs 10-20 lakh to 20 per cent.

28 Aug 2019 9:13 PM IST

FPIs had invested over Rs 20,000 crore in the capital market in September 2016.

Surcharge rollback creates no differential regime between FPIs,...

FM on Friday announced the withdrawal of enhanced surcharge on short-term and long-term capital gains earned by FPIs.

28 Aug 2019 2:01 PM IST

Finance Minister Nirmala Sitharaman addressing Cooperative Group Housing Society Maha Sammelan. (Photo: ANI)

Don't overreach, overstate: FM to tax authorities

To a question about GST reduction, FM said she was willing to hear everybody, "but it is not in my hands as it has to go...

28 Aug 2019 9:27 AM IST

Whatever be the size- small, medium, micro, nano or large entrepreneurs of this country, we want them to carry on with their business without a worry, she said at the beginning of the address. (Photo: ANI)

Want entrepreneurs to carry on business without a worry: Finance...

'Any suggestions about credibility of RBI, for me seems a bit outlandish,' she said, talking about Rahul Gandhi's...

27 Aug 2019 6:24 PM IST